Sykes Enterprises (SYKE) Receives “Hold” Rating from Barrington Research
Barrington Research reiterated their hold rating on shares of Sykes Enterprises (NASDAQ:SYKE) in a research report sent to investors on Sunday morning. Barrington Research also issued estimates for Sykes Enterprises’ FY2018 earnings at $2.01 EPS.
A number of other analysts also recently commented on the stock. BidaskClub downgraded shares of Sykes Enterprises from a hold rating to a sell rating in a report on Wednesday, January 10th. Zacks Investment Research raised shares of Sykes Enterprises from a sell rating to a hold rating in a report on Friday, March 2nd. Finally, ValuEngine raised shares of Sykes Enterprises from a hold rating to a buy rating in a report on Friday, February 2nd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $32.00.
Shares of Sykes Enterprises (NASDAQ SYKE) opened at $31.26 on Friday. The firm has a market cap of $1,330.29, a PE ratio of 40.27, a PEG ratio of 1.55 and a beta of 0.86. The company has a quick ratio of 3.58, a current ratio of 3.58 and a debt-to-equity ratio of 0.35. Sykes Enterprises has a fifty-two week low of $25.77 and a fifty-two week high of $34.49.
A number of hedge funds have recently added to or reduced their stakes in SYKE. Macquarie Group Ltd. purchased a new stake in Sykes Enterprises during the third quarter worth about $124,000. Public Employees Retirement System of Ohio boosted its holdings in Sykes Enterprises by 7.4% during the second quarter. Public Employees Retirement System of Ohio now owns 4,039 shares of the information technology services provider’s stock worth $135,000 after buying an additional 280 shares in the last quarter. Pillar Pacific Capital Management LLC purchased a new stake in Sykes Enterprises during the fourth quarter worth about $210,000. Eqis Capital Management Inc. purchased a new stake in Sykes Enterprises during the fourth quarter worth about $215,000. Finally, AMP Capital Investors Ltd purchased a new stake in Sykes Enterprises during the fourth quarter worth about $217,000. 88.77% of the stock is currently owned by hedge funds and other institutional investors.
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About Sykes Enterprises
Sykes Enterprises, Incorporated is engaged in providing outsourced customer contact management solutions and services in the business process outsourcing (BPO) arena on a global basis. The Company has operations in two segments: the Americas, which includes the United States, Canada, Latin America, Australia and the Asia Pacific Rim, and EMEA, which includes Europe, the Middle East and Africa.
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